To improve your banking and finance knowledge and English vocabulary.
Here are 5 banking-related words and definitions:


Security:
A financial instrument that represents ownership in a company or organization.

Transaction:
Any activity that affects the balance of a bank account, such as a deposit, withdrawal, or transfer.

Wire Transfer:
A method of transferring money electronically from one bank account to another.

Debit Card:
A card that allows customers to withdraw money from their checking account or make purchases.

Account Balance:
The amount of money in a bank account at a given time.